News from 2013-04-10 / Group
KfW’s stake in Deutsche Post AG falls below 25% threshold of voting rights
Key Facts:
Today, KfW made a notification pursuant to Article 21 section 1 WpHG [the German Securities Trading Act] as KfW’s shareholding in Deutsche Post AG fell below the 25 % threshold of voting rights.
KfW’s shareholding in Deutsche Post AG was reduced, because investors exercised their exchange right under KfW’s exchangeable bond into ordinary registered shares of Deutsche Post AG.
Additional Information:
Within the scope of the privatization strategy of the Federal Republic of Germany, on 23 July 2009, KfW issued an exchangeable bond due 30 July 2014 exchangeable into ordinary registered shares of Deutsche Post AG.
KfW’s shareholding fell below the 25% threshold solely as a direct consequence of share deliveries following the exercise of the exchange rights by investors. Hence, it does not result from a new privatization transaction.
This Document is for information purposes only.
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